Standard Engineering Technology MD, chairman, board of directors and AGM
NSE: SETLBSE: 544333Industrial ManufacturingSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹332.55.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹6,667 Cr1,015th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 6 Aug 2026
- 78.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 May 2026
- 8.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 6 Aug 2026
- 11.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 6 Aug 2026
- 13.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 14 May 2026
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 10,57,42068.0% delivered
Standard Engineering Technology board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonSambasiva Rao Gollapudi
- Managing directorNageswara Rao Kandula
- Company Secretary and Compliance OfficerKallam Hima Priya
10 directors4 independent5 executive1 non-executive
- Sambasiva Rao Gollapudi · ChairpersonIndependent · joined May 2024 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
- Nageswara Rao Kandula · Managing directorExecutive · joined Sep 2012 · reappointed Sep 2022 · 1 listed board
- Kandula Krishna VeniExecutive · joined Sep 2012 · reappointed Jul 2024 · 60 months as independent · 1 listed board
- Kandula RamakrishnaExecutive · joined Oct 2021 · reappointed Jul 2024 · 60 months as independent · 1 listed board
- Venkata Mohana Rao KatragaddaExecutive · joined Sep 2020 · reappointed Jul 2024 · 60 months as independent · 1 listed board · 1 committee seat
- Sudhakara Reddy SiddareddyIndependent · joined Jun 2022 · reappointed Jul 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Radhika NannapaneniIndependent · joined May 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- Yasuyuki IkedaExecutive · joined Mar 2023 · 1 listed board
- Venkata Siva Prasad KatragaddaNon-executive · joined Aug 2025 · 1 listed board
- Uma Maheswara Rao KancherlaIndependent · joined May 2026 · 60 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 25 Jun 202610 of 10 present4 independent
- 14 May 202610 of 10 present4 independent · 40 days in between
- 3 Apr 20267 of 9 present2 independent
- 5 Feb 20269 of 9 present3 independent
Audit Committee
Chair Sambasiva Rao Gollapudi
Sudhakara Reddy Siddareddy, Radhika Nannapaneni
- 25 Jun 20263 of 3 present3 independent · 41 days in between
- 14 May 20263 of 3 present3 independent · 40 days in between
- 3 Apr 20262 of 3 present2 independent · 56 days in between
- 5 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Sudhakara Reddy Siddareddy
Sambasiva Rao Gollapudi, Radhika Nannapaneni
- 14 May 20263 of 3 present3 independent · 58 days in between
- 16 Mar 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair Radhika Nannapaneni
Venkata Mohana Rao Katragadda, Sudhakara Reddy Siddareddy
No meeting listed in the filing.
Risk Management Committee
Chair Venkata Mohana Rao Katragadda
Radhika Nannapaneni, Kandula Krishna Veni, Kandula Ramakrishna
- 16 Mar 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair Sambasiva Rao Gollapudi
Yasuyuki Ikeda, Radhika Nannapaneni
- 8 May 20263 of 3 present2 independent · 52 days in between
- 16 Mar 20263 of 3 present2 independent
Independent Directors Committee
- 16 Mar 20263 of 3 present3 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- M S K A & Associates LLPPeer-review certificate valid to Jul 2027
3 earlier auditors
- MSKA & AssociatesNamed in filings from Sep 2025 to Mar 2026
- MSKA & Associates LLPNamed in the filing for the quarter to Dec 2025
- M S K A & AssociatesNamed in filings from Mar 2025 to Jun 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Standard Engineering Technology AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Standard Engineering Technology share news and announcements
Annual general meeting, 18 Sep 2026
55,072 shareholders on the register on 11 Sep 2026; present: 8 promoters and 92 others; votes counted by Y. Ravi Prasada Reddy / M/s. RPR & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditor’s thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 78.60% · promoters 99.84% · institutions 89.79% · other public 23.54%
- To appoint a director in place of Mrs. Krishna Veni Kandula (DIN:02260233) who retires by rotation and being eligible, offers herself for re-appointment.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 22.65% · promoters 7.31% · institutions 89.79% · other public 23.54%
- To appoint a director in place of Mr. Kandula Ramakrishna (DIN: 05281520) who retires by rotation and being eligible, offers himself, for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 22.65% · promoters 7.31% · institutions 89.79% · other public 23.54%
- Ratification of remuneration payable to cost auditors for the Financial Year ending 2026-27Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 78.60% · promoters 99.84% · institutions 89.79% · other public 23.54%
- To Re-appoint M/s. M S K A & Associates LLP, Chartered Accountants, as the Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 78.60% · promoters 99.84% · institutions 89.79% · other public 23.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 10 Aug 2026, 7 resolutions
49,466 shareholders on the register on 3 Aug 2026; present: 7 promoters and 56 others; votes counted by Y. Ravi Prasada Reddy / M/s. RPR & Associates.The company's voting result (opens in a new tab)
- ISSUANCE OF 24,39,750 EQUITY SHARES OF THE COMPANY ON PREFERENTIAL BASISTO THE NON-PROMOTER INVESTORS FOR CASH CONSIDERATIONSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
- ISSUANCE OF EQUITY SHARES OF THE COMPANY ON A PREFERENTIAL BASISPURSUANT TO SHARE SWAP ARRANGEMENTSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
- CHANGE IN DESIGNATION OF MR. YASUYUKI IKEDA (DIN: 02437433) FROM NON-EXECUTIVE TO EXECUTIVE DIRECTOROrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 54.75% · promoters 79.53% · institutions 2.23% · other public 25.22%
- APPOINTMENT OF MR. UMA MAHESWARA RAO KANCHERLA (DIN:11705945) AS ANINDEPENDENT DIRECTORSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
- ENHANCEMENT OF THE EXISTING LIMITS FOR CREATION OF CHARGE ON THEASSETS OF THE COMPANY UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
- ENHANCEMENT OF THE EXISTING LIMITS FOR BORROWINGS OF THE COMPANYUNDER SECTION 180(1)(C) OF THE COMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
- ENHANCEMENT OF THE EXISTING LIMITS UNDER SECTION 186 OF THE COMPANIESACT, 2013:Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 65.22% · promoters 79.53% · institutions 74.86% · other public 25.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 18 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditor’s thereonMoreLess
2 for0 against- To appoint a director in place of Mrs. Krishna Veni Kandula (DIN:02260233) who retires by rotation and being eligible, offers herself for re-appointment.2 for0 against
- To appoint a director in place of Mr. Kandula Ramakrishna (DIN: 05281520) who retires by rotation and being eligible, offers himself, for re-appointment2 for0 against
- Ratification of remuneration payable to cost auditors for the Financial Year ending 2026-272 for0 against
- To Re-appoint M/s. M S K A & Associates LLP, Chartered Accountants, as the Statutory Auditors of the Company2 for0 against
Mutual fund votes, meeting of 10 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- ISSUANCE OF 24,39,750 EQUITY SHARES OF THE COMPANY ON PREFERENTIAL BASISTO THE NON-PROMOTER INVESTORS FOR CASH CONSIDERATION2 for0 against
- ISSUANCE OF EQUITY SHARES OF THE COMPANY ON A PREFERENTIAL BASISPURSUANT TO SHARE SWAP ARRANGEMENT2 for0 against
- CHANGE IN DESIGNATION OF MR. YASUYUKI IKEDA (DIN: 02437433) FROM NON-EXECUTIVE TO EXECUTIVE DIRECTOR2 for0 against
- APPOINTMENT OF MR. UMA MAHESWARA RAO KANCHERLA (DIN:11705945) AS ANINDEPENDENT DIRECTOR2 for0 against
3 proposals not matched to one resolution
- Enhancement of the existing limits under Section 186 of the Companies Act, 2013.2 for0 against
To borrow any sum or sums of money from time to time at their discretion, for the purpose of the business of the Company, which together with the monies already borrowed by the Company and its subsidiaries, (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business), by enhancing the existing limit of Rs. 200 Crores approved by the Members vide Special Resolution dated 11th August, 2022, by a further sum of Rs. 1,800 resulting in a revised aggregate limit of Rs. 2,000 over and above the aggregate of the paid-up capital and free reserves (that is to say, reserves, not set apart for any specific purpose) of the Company.MoreLess
2 for0 againstTo mortgage, lien, hypothecate and/or create charge, whether fixed or floating (in addition to any other hypothecation, pledge, lien, mortgage, charges created/to be created by the Company), in such form and manner and with such ranking and at such time and on such terms as the Board may determine, on all or any of the immovable properties and movable assets (both tangible and intangible) of the Company, both present and future, and the whole or substantially the whole of the undertaking(s) or any properties of the Company where so ever situated, in favour of banks, financial institutions, investors, debenture holders or any other lenders and their agents or trustees (together, the Lenders) to secure any borrowings, debentures, financial assistance or financial indebtedness availed by the Company or any third party from time to time (including without limitation, the due payment of the principal and/or together with interest, at the respective agreed rates, additional interest, compound interest, accumulated interest, liquidated damages, commitment charges, remuneration of the agent(s), trustee(s), prepayment premium, all other costs, charges and expenses and all other monies payable by the Company) may exceed at any time, the aggregate of the paid-up capital of the Company and its free reserves (that is to say, reserves not set apart for any specific purpose), by enhancing the existing limit of Rs. 200 Crores approved by the Members vide Special Resolution dated 11th August, 2022, by a further sum of Rs. 1,800, resulting in a revised aggregate limit of Rs. 2,000, and that the Board of Directors empowered and authorized to arrange or fix the of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as it may think fit.MoreLess
2 for0 against
2 earlier meetings
Mutual fund votes, meeting of 14 Dec 2025, 2 fund houses
- Amendment of objects clause of Memorandum of Association of the company.2 for0 against
- Ratification in the Employee Stock Option Scheme 2024.2 for0 against
- To approve the grant of employee stock options to the eligible employees of the associate company(ies) of the Company under Employees Stock Option Plan 2024.
Against Kotak Mahindra Mutual Fund
- Kotak Mahindra Mutual FundThere is lack of adequate justification to extend the benefit of the ESOP scheme to associate companies. Hence we may vote against this resolution.
1 for1 against - To approve the grant of employee stock options to the eligible employees of the subsidiary company(ies) of the Company under Employees Stock Option Plan 2024.2 for0 against
To change the name of the Company from Standard Glass Lining Technology Limited to Standard Engineering Technology Limited with effect from the date of issuance of a Fresh Certificate of Incorporation in favor of the Company by the Registrar of Companies and consequently change the name of the Company wherever appearing in the Memorandum and Articles of Association of the Company.MoreLess
2 for0 against- To consider and approve amendments in the Employee Stock Option Plan 2024.2 for0 against
Mutual fund votes, meeting of 12 Sep 2025, 2 fund houses
- Approval of the Appointment of Mr. Venkata Siva Prasad Katragadda (DIN: 06606739) as a Non-Executive and Non-Independent Director, who is liable to retire by rotation.2 for0 against
Ratification of remuneration of Rs. 75,000/- plus GST and re-imbursement of out-of- pocket expenses, payable to M/s. G K and Associates, Cost Accountants (Registration No. 100857) as the Cost Auditors of the company to conduct audit of cost records made and maintained by the company for the financial year commencing on 01st April, 2025 and ending on 31st March, 2026.MoreLess
2 for0 against- To Alter the Articles of Association of the Company.2 for0 against
- To appoint a director in place of Mr. Nageswara Rao Kandula (DIN: 00762497) who retires by rotation and being eligible, offers himself, for re-appointment.2 for0 against
- To appoint a director in place of Mr. Yasuyuki Ikeda (DIN: 02437433) who retires by rotation and being eligible, offers himself, for re-appointment.2 for0 against
To appoint M/s. RPR and Associates, Practicing Company Secretaries (a Peer Reviewed Firm represented by Mr. Y. Ravi Prasada Reddy, Proprietor of the firm having CP No. 5360) as the Secretarial Auditor of the Company to conduct the Secretarial Audit for a term of 5 (Five) consecutive years commencing from Financial Year 2025-26 till the end of FY 2029-30, on such remuneration as may be mutually agreed between the Board of Directors (including its committees thereof) and the Secretarial Auditors and to avail any other services, certificates, or reports as may be permissible under applicable laws.MoreLess
2 for0 againstTo receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the Company for the financial year ended 31st March 2025, together with the Reports of the Board of Directors and Auditor’s thereon.MoreLess
2 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes and stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtStandard Projects Private LimitedSince 12 May 2026
75.00% bought in the quarter; holding 75.00%, from 0.00%
- Tax disputeThe Assistant Commissioner (ST), Jeedimetla-1 Circle, Hyderabad Rural Division, HyderabadSince 27 Jul 2024The current status remains the same as in the previous quarter.At the filing before: The Company has evaluating appropriate legal options to contest the matter and intends to file an appeal before the State Goods and Services Tax Appellate Tribunal once it becomes operational.
- Tax disputeDeputy Commissioner (ST), STU-2, Hyderabad Rural Division, HyderabadSince 27 Nov 2024The Company has discharged the tax demand on through the cash ledger for an amount of Rs. 20,71,074.00. Accordingly, the tax demand stands closed.At the filing before: The Company has decided to discharge the tax demand amounting to ₹20,71,074 and expects to complete the payment on or before May 15, 2026.
- Tax disputeThe Assistant Commissioner (ST), Jeedimetla-1 Circle, Hyderabad Rural Division, HyderabadSince 30 Mar 2026The Company is in the process to file an Appeal against Assistant Commissioner (ST)(FAC), Hyderabad (Rural) Divison.
At the filing before: Demand notice rasied by the Asst. Commissioner (ST)(FAC), Hyderabad (Rural) Division. The matter pertains to Taxable value excess in E-way bill compared with GSTR-9 for the FY 2019-20. The amount involved is ₹ 3,16,42,395.00MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesJan 2025, checked by ICRA Limited | 25.00 | – | – | No |